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Dec 24, 2012
12/12
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what about senate minority leader mitch mcconnell? >> well, the thing at this point and i'm told by sources is that there are no negotiations going on between senator mitch mcconnell, the republican leader in the senate, and senator majority leader harry reid in hawaii for the funeral of daniel inouye and is now back to washington. it could come down to the senate doing something. senator mcconnell might allow this bill i mentioned that i already passed in july, was a threshold for tax hikes, being at the $250,000 level, he may allow democrats to say, the house has to take this, or if there is some sort of vote on another measure, while mitch mcconnell would be unlikely to support it, perhaps he might let some of his republican senators do that, now, this is sort of thinking, coming from democrats, this is not something that mitch mcconnell at this point is planning to do, and it's very much unclear. the fact is, it doesn't just matter what the senate does, don, the house would have to pass something. and whatever were to come out of
what about senate minority leader mitch mcconnell? >> well, the thing at this point and i'm told by sources is that there are no negotiations going on between senator mitch mcconnell, the republican leader in the senate, and senator majority leader harry reid in hawaii for the funeral of daniel inouye and is now back to washington. it could come down to the senate doing something. senator mcconnell might allow this bill i mentioned that i already passed in july, was a threshold for tax...
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Dec 28, 2012
12/12
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let's lis ep to what mitch mcconnell said about that? >> the senate bill passed with ome democratic votes and despite this repeated calls for the house to pass it. he knows that he himself is the reason it can't happen. the paperwork never left the senate. i said at that time we knew it didn't pass constitutional muster. it has one procedural rule for congress that all tax bills must reg nate in the house of representatives. of course they can do what they want. there is a niss of ways in which they have got ten around this thing in the past. as to why they are not passing the ball. if this is what he is clinning to now, it is like he is not clinging to much. >> this is a chamber that has not seen is some of the greatest offereds come through it. and here he is saying the paperwork has yet to leave the senate. >> and he also knows that it is silly. yes, that particular big cannot be taken up in the house. but sandy levin has a bill that is i'd wall. all bhoehner has to do is make those changes on the noor. the idea that they would love t
let's lis ep to what mitch mcconnell said about that? >> the senate bill passed with ome democratic votes and despite this repeated calls for the house to pass it. he knows that he himself is the reason it can't happen. the paperwork never left the senate. i said at that time we knew it didn't pass constitutional muster. it has one procedural rule for congress that all tax bills must reg nate in the house of representatives. of course they can do what they want. there is a niss of ways in...
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Dec 26, 2012
12/12
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>> the ball seems to be in mitch mcconnell's court. does he filibuster anything that harry reid ends up making with president obama? we have a paired down legislation extending for income below $250,000 and doing something with unemployment insurance that you were talking about? the question is a senate filibuster, democrats need 60 votes and republican votes, mcconnell ends up filibustering and will there be senators who support the legislation and blocking the filibuster. a lot of gymsmanship and republicans when you lock at the situation in the house and the inability to pass along the other things, they are on the verge of taking a lot of blame if they filibuster the legislation and the house doesn't act on it. >> and only democratic support developing here. how much is he going to agree with the president when he has the election in 2014? some folks don't want to appear in any way too close to president obama right now. >> let's move on in terms of massachusetts. we got the information that ted kennedy jr. will not run. scott brow
>> the ball seems to be in mitch mcconnell's court. does he filibuster anything that harry reid ends up making with president obama? we have a paired down legislation extending for income below $250,000 and doing something with unemployment insurance that you were talking about? the question is a senate filibuster, democrats need 60 votes and republican votes, mcconnell ends up filibustering and will there be senators who support the legislation and blocking the filibuster. a lot of...
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Jan 1, 2013
01/13
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vice president joe biden who negotiated the deal with mitch mcconnel also on the hill trying to get support from house democrats. and the political rangling is far from over no matter how this deal turns out both sides headed for a major clash by the end of february over whether or not to raise the nation's debt ceiling. ed henry, fox news. >> fox 5 political analyst to join us now. mark, seems like it's hurting cats in the house these days with the republicans. >> this is really the major dilemma, will erik canter and john boehner which is outlet of the picture, it's up to canter to whip republicans. and also what was mentioned no amendments. i thought they'd go to the floor with a rule which means no amendments. you rule up or down like they did in the senate. if they can't do that, back to square one. >> republicans in the house have said at least the vast majority of them don't want to vote for any tax hikes. but how can they vote for a bill that has no spending cuts? >> as mitch who is a republican said look we're just going to concentrate on taxes. what republicans won't say is they d
vice president joe biden who negotiated the deal with mitch mcconnel also on the hill trying to get support from house democrats. and the political rangling is far from over no matter how this deal turns out both sides headed for a major clash by the end of february over whether or not to raise the nation's debt ceiling. ed henry, fox news. >> fox 5 political analyst to join us now. mark, seems like it's hurting cats in the house these days with the republicans. >> this is really...
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Dec 31, 2012
12/12
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you think about joe biden and mitch mcconnell, mitch mcconnell is totally looking at this through a political lens, what is in the best interest of republicans in his view? from what i understand in his view he thinks what's in the best interest of the republican party is getting the tax issue off the table and then having a big knockdown, drag-down fight with the president in six weeks over the debt ceiling. under that scenario, that would tell me, okay, he's likely to want to make a deal. when you look at the actions that republicans threw out that idea of throwing in the social security change and suddenly democrats balked -- and he pulled it from the table. mitch mcconnell wants to make the deal, get the tax issue off the table simply because he thinks having more leverage -- if you leave taxes there, it gives the white house and democrats more leverage in the debt ceiling. even if they get a deal today we have a big fight in the next six weeks. >> if there is a deal today can it about get passed in time to avoid the fiscal cliff? >> i'm not optimistic that it can get through the house. i
you think about joe biden and mitch mcconnell, mitch mcconnell is totally looking at this through a political lens, what is in the best interest of republicans in his view? from what i understand in his view he thinks what's in the best interest of the republican party is getting the tax issue off the table and then having a big knockdown, drag-down fight with the president in six weeks over the debt ceiling. under that scenario, that would tell me, okay, he's likely to want to make a deal....
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Dec 31, 2012
12/12
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vice president joe biden and senate minority leader mitch mcconnell. john boehner not in this, nancy pelosi isn't in this, not even the president. the house reconvenes at 10:00, the senate at 11:00, bright and early. sarcastic. neither of them showing particular signs of progress. >> these two worked together in the senate for 20 years. so you hope -- >> in fairness, the houses are not convening. these guys are not working. i don't care if it doesn't play out in the media. the big stumbling block has been avoided. republicans dropped their demand to reduce social security cost of living increases. >> i was really gratified to hear republicans had taken the demand for social security benefits off the table. truth is, they never should have been on the table to begin with there is still significant distance between the two sides, but negotiations continue. >> the consequences of this are too high for the american people to be engaged in a political messaging campaign. i'm interested in getting a result here. >> they have all been politically messaging, n
vice president joe biden and senate minority leader mitch mcconnell. john boehner not in this, nancy pelosi isn't in this, not even the president. the house reconvenes at 10:00, the senate at 11:00, bright and early. sarcastic. neither of them showing particular signs of progress. >> these two worked together in the senate for 20 years. so you hope -- >> in fairness, the houses are not convening. these guys are not working. i don't care if it doesn't play out in the media. the big...
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Jan 1, 2013
01/13
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a bill crafted by vice president joe biden and minority leader mitch mcconnell passed in the senate by a margin of 89-8. happened just after 2:00 in the morning. the republican controlled house has agreed to consider this later this morning. but anyone's guess how this will turn out. if the house votes yes, the measure would generate 600 billion in revenues over the next ten years. how things are sized up overnight. >> i've said all along, our most important priority is protecting middle class families. this legislation does this. >> this shouldn't be the model of how we do things around here. but i think we can sigh we've done some good for the country. >> if it passes the house, here is what the plan means for you and your family. bush era tax cuts would stay in place for individuals earning less than $400,000 a year and couples earning less than $450,000. unemployment benefits for 2 million americans would be extended for a year, and the alternative minimum tax would permanently be adjusted for inflation. but when it comes to spending cuts, lawmakers defer for two more months. that'
a bill crafted by vice president joe biden and minority leader mitch mcconnell passed in the senate by a margin of 89-8. happened just after 2:00 in the morning. the republican controlled house has agreed to consider this later this morning. but anyone's guess how this will turn out. if the house votes yes, the measure would generate 600 billion in revenues over the next ten years. how things are sized up overnight. >> i've said all along, our most important priority is protecting middle...
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Dec 30, 2012
12/12
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. >> reporter: with that harry reid and mitch mcconnell launched a latch-dimp effort to craft a bipt plan to that stop the tax hike going into effect on new year's day. they negotiated all day saturday. saturday night there was an offer. by this morning, a clear sense of optimism and warnings that failure would be unthinkable. >> there are no breakthroughs yet, but there's a real possibility of a deal. >> if we are not able to reach an agreement, it will be dire. >> the morning's optimism turned into the afternoon's pessimism. the senate opened for business at 1:00 p.m. with the ominous prayer from the chaplain. >> look with favor on our nation and save us from self-inflicted wounds. >> reporter: soon democratic leader reed acknowledged he had not been able to make a counteroffer to republicans. >> it's just that we're apart on some pretty big issues. >> frustrated with the impasse, republican mcconnell said he called vice president biden, urging him to get involved. >> i'm concerned about the lack urgency here. i want erch to know i'm willing to get this done, but i need a dance par
. >> reporter: with that harry reid and mitch mcconnell launched a latch-dimp effort to craft a bipt plan to that stop the tax hike going into effect on new year's day. they negotiated all day saturday. saturday night there was an offer. by this morning, a clear sense of optimism and warnings that failure would be unthinkable. >> there are no breakthroughs yet, but there's a real possibility of a deal. >> if we are not able to reach an agreement, it will be dire. >> the...
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Dec 31, 2012
12/12
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as you may know by now, mitch mcconnell just arrived on capitol hill a few moments ago. we'll be waiting to see whether senator mcconnell's discussions with the vice president, joe biden, have produced a working deal. we've bp getting headlines all morning long, major progress, not at all like the headlines we were getting last night which was quite the opposite. of course, as the headlines become available, we'll be bringing them to you live. for the last day of the year, it is more high drama than we're used to. >> it is. the markets really are holding pretty steady in light, despite this dram a i should say. the dow down by about .10%. the nasdaq has been powering higher in this session, in terms of the major indices. up by about .6%. fairly calm in the markets so far. >> we'll see if john harwood changes any of that. we go to washington with breaking news. john? >> carl, i just spoke to a republican source close to the talks who gave this update. vice president biden and senate republican leader mitch mcconnell last talked at 6:30 this morning. they not only talked a
as you may know by now, mitch mcconnell just arrived on capitol hill a few moments ago. we'll be waiting to see whether senator mcconnell's discussions with the vice president, joe biden, have produced a working deal. we've bp getting headlines all morning long, major progress, not at all like the headlines we were getting last night which was quite the opposite. of course, as the headlines become available, we'll be bringing them to you live. for the last day of the year, it is more high drama...
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Dec 31, 2012
12/12
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mitch mcconnell wanted to get everything done they agreed to. so far the democrats who are running the senate say not yet. >> if it's more politically palatable for the house republicans to vote on it tomorrow as opposed to today, why don't the senate republicans wait till tomorrow as well? >> that's a great point. something we've been talking about internally in the hours and hours we've been spending walking the halls and standing and waiting. that is certainly a potential political reason to wait. it doesn't seem as though that really is what's driving e senate republicans. it's more of an issue of, i'm told by republicans sources in the house, maybe just a handful of republicans, who could be swayed to vote for it. otherwise, they wouldn't have been able to do it. >> dana, stand by. i'm anxious to see what the senate, the democratic leadership, the republican leadership, decides to do. will there be a vote on the floor in the coming hours? standby. a lot at stake. what does it mean if the u.s. goes over the fiscal cliff? technically, the u.s
mitch mcconnell wanted to get everything done they agreed to. so far the democrats who are running the senate say not yet. >> if it's more politically palatable for the house republicans to vote on it tomorrow as opposed to today, why don't the senate republicans wait till tomorrow as well? >> that's a great point. something we've been talking about internally in the hours and hours we've been spending walking the halls and standing and waiting. that is certainly a potential...
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Jan 1, 2013
01/13
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mitch mcconnell spoke for senate republicans. >> we do not think taxes should be going up on anyone. we all knew that if we did nothing that would be going up on everyone. >> the senate voted to reverse % ofy's tax hikes on 98 americans. but to keep the higher rates for families making more than $400,000 a year. president obama took credit. that broke 20 years of opposition to tax hikes. >> republicans said they would never agree to raise tax rates on the wealthiest americans. >> only five senate republicans voted no. >> middle-class families will wake up to the assurance that their taxes will not go up $2,200 each. >> not so fast. house speaker and his members might not go along. john boehner sent house members home to celebrate the new year without a vote. >> this is disgusting. everybody involved should be embarrassed. >> the economy could still take a hit. the house takes up whether to follow the senate's lead and hike taxes on the wealthy. steve handelsman, nbc news. >> the first same-sex couples work legally wed in a ceremony at city hall this morning. >> kim dacey is live this
mitch mcconnell spoke for senate republicans. >> we do not think taxes should be going up on anyone. we all knew that if we did nothing that would be going up on everyone. >> the senate voted to reverse % ofy's tax hikes on 98 americans. but to keep the higher rates for families making more than $400,000 a year. president obama took credit. that broke 20 years of opposition to tax hikes. >> republicans said they would never agree to raise tax rates on the wealthiest americans....
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Dec 27, 2012
12/12
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people should simmer down a little bit. >> we need to go to mitch mcconnell who is speaking. let's take a look. >> a bipartisan agreement literally for months. a plan that would simplify the tax code, shrink the deficit, protect the taxpayers, and grow the economy. but democrats consistently rejected those offers. the president chose, instead, to spend his time on the campaign trail. this was even after he got re-elected. and congressional democrats sat on their hands. now, republicans have bent over backwards. we stepped way, way out of our comfort zone. we wanted an agreement. but we had no takers. the phone never rang and so now here we are five days from the new year and we might finally start talking. democrats have had an entire year to put forward a balanced bipartisan proposal. and if they had something to fit the bill, i'm sure the majority leader would have been able to deliver the votes the president would have needed to pass it here in the senate. and weapon wouldn't be in this
people should simmer down a little bit. >> we need to go to mitch mcconnell who is speaking. let's take a look. >> a bipartisan agreement literally for months. a plan that would simplify the tax code, shrink the deficit, protect the taxpayers, and grow the economy. but democrats consistently rejected those offers. the president chose, instead, to spend his time on the campaign trail. this was even after he got re-elected. and congressional democrats sat on their hands. now,...
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Dec 31, 2012
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vice president joe biden and senate minority leader mitch mcconnell. working behind the scenes as they have successfully done in the past. the senate went home last night and they are going to get in this morning at the bright hour of 11:00 a.m. eastern. i don't understand how that works. we are not seeing any evidence of progress in either chamber, but as i said, mcconnell and biden are talking. that's important. these two guys have a long history together, and have an ability to cut a deal. one major stumbling block has been overcome. republicans have dropped their demand to reduce social security, cost of living increases. you will know that as the chain cpi. >> and the public has taken their demand for social security benefits off the table. the truth is they never should have been on the table to begin with. significant distance between the two sides, but negotiations continue. >> the consequences of this are too hot for the american people to be engaged, in a political messaging campaign. i'm interested in getting a result here. >> we followed th
vice president joe biden and senate minority leader mitch mcconnell. working behind the scenes as they have successfully done in the past. the senate went home last night and they are going to get in this morning at the bright hour of 11:00 a.m. eastern. i don't understand how that works. we are not seeing any evidence of progress in either chamber, but as i said, mcconnell and biden are talking. that's important. these two guys have a long history together, and have an ability to cut a deal....
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Dec 28, 2012
12/12
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it is very clear that boehner and mitch mcconnell have made clear, if the president wants a dollar of debt ceiling increase, we need to cut spending a dollar, and that goes for $1 trillion because the president is going to want a trillion dollar debt ceiling increase because of the debt he's running up. that kind of spending restraint is exactly the kind of thing we need to do in the future for any debt ceiling increase period. >> okay. and as you see there, bob corker will join "the squawk pox" gang on monday morning. grover, always good to see you, thank you. >> thank you very much. >> president obama, congressional leaders meeting at the white house to avoid the fiscal cliff. we'll bring you the latest developments on that any minute now. >> also, we'll check up on health care, one of the year's best performing sectors. we'll find out if it's going to run out of steam in the new year and name some names for you coming up. >> and later on, big sky, big jump in estate taxes if congress fails to reach a deal on the cliff. we'll talk to a montana rancher who is pretty upset. coming up,
it is very clear that boehner and mitch mcconnell have made clear, if the president wants a dollar of debt ceiling increase, we need to cut spending a dollar, and that goes for $1 trillion because the president is going to want a trillion dollar debt ceiling increase because of the debt he's running up. that kind of spending restraint is exactly the kind of thing we need to do in the future for any debt ceiling increase period. >> okay. and as you see there, bob corker will join "the...
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Dec 30, 2012
12/12
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he certainly has a long history of talks and bipartisan negotiations with mitch mcconnell. i want to, over the past hour, we have spoken to two republican senators, i wanted to talk to claire mccaskill, thanks very much for joining us, they just ended their almost two-hour meeting, martin, two hours, what was going on in there behind those door? >> i know you will be shocked to hear that a lot of senators wanted to talk. >> that is shocking. >> everyone wanted to have their same i think the consensus is that we all still want to try to get a deal but some of us are very discouraged that what appears to be on the table now doesn't really do anything to reduce the deficit and this was all supposed to be an exercise in bringing down our deficit and our long-term debt and where we are right now, it doesn't appear that we are getting that done and even more importantly, it appears that republicans are still trying to protect the tippy top as opposed to looking after the greater good of the economy and middle class families. >> as far as you-all were told by the democratic leader
he certainly has a long history of talks and bipartisan negotiations with mitch mcconnell. i want to, over the past hour, we have spoken to two republican senators, i wanted to talk to claire mccaskill, thanks very much for joining us, they just ended their almost two-hour meeting, martin, two hours, what was going on in there behind those door? >> i know you will be shocked to hear that a lot of senators wanted to talk. >> that is shocking. >> everyone wanted to have their...
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Dec 29, 2012
12/12
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mcconnell. >> -- engaged in discussions, the majority leader and myself and the white house, in the hopes that we can come forward as early as sunday and have a recommendation that i can make to my conference and the majority leader can make to his conference. >> well, if the senate manages to reach a compromise, the hope is that the house would follow. that's option one. the green one. option two is less certain. president obama reportedly challenged congressional leaders from both parties on friday to come up with a deal better than the one he proposed. the center piece of which is that the top marginal tax rate will increase for those earning $250,000 or more from 35% to 39.6%. that's only on the amount earned above that threshold. obama has told congress either they come up with something better or put his proposal to a vote. he's betting even those who hate the idea of a tax increase on the rich will hate causing america to go over the fiscal cliff even more. okay. option three. that's the red box. that's one where america goes over the fiscal cliff. jessica yellin is cnn's chi
mcconnell. >> -- engaged in discussions, the majority leader and myself and the white house, in the hopes that we can come forward as early as sunday and have a recommendation that i can make to my conference and the majority leader can make to his conference. >> well, if the senate manages to reach a compromise, the hope is that the house would follow. that's option one. the green one. option two is less certain. president obama reportedly challenged congressional leaders from both...
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Dec 28, 2012
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there's no time set for this meeting tomorrow, but mitch mcconnell says he does expect to go. and so that really does speak to the next move, tomorrow. >> well, that is good news. that is good news, senator mcconnell going to the white house tomorrow, hopefully. but i'm going to ask you about the house of representatives, dana. right now they've been called back to washington, not until sunday, december 30th. now, 48 hours before the fiscal cliff goes over, is that really enough time to get legislation passed, if there's a real deal on the table? >> reporter: is it enough time? probably. if there's really something that is going to pass the senate, and this is a big if, as jessica said, the oddsmakers are definitely seeing the fiscal cliff happening, us going over the fiscal cliff, but if senate does pass something, that would be the next move, then the house could pretty easily take it up and pass it on sunday night or monday morning, on the actual day of december 31st. i think at this point, it's more of a question of optics, and democrats were definitely trying to take adva
there's no time set for this meeting tomorrow, but mitch mcconnell says he does expect to go. and so that really does speak to the next move, tomorrow. >> well, that is good news. that is good news, senator mcconnell going to the white house tomorrow, hopefully. but i'm going to ask you about the house of representatives, dana. right now they've been called back to washington, not until sunday, december 30th. now, 48 hours before the fiscal cliff goes over, is that really enough time to...
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host: how is mitch mcconnell looking to the right? guest: this deal is a bad deal for conservatives. i don't know how he can, he's very smart and he's very -- you know, he's willing to make-up popular stands in order to get what republicans want. but this deal is a terrible deal. i think a lot of conservatives will say if nothing happens we'll be in a better position. he he made a number of fumbles along the way that got us to this place. i think at the moment he is getting a little bit more ire from conservatives. host: what did you make of the president's news conference? guest: he comes out and says we need to work together and stop trying to score political points. then he goes on to trash the motives of republicans. "we believe in something. you have your mandate. we have our mandate." i find that to be small and petty. this is it high point for him. this deal he got is a fantastic deal. he is going to have to go back to people and raise more taxes. he said this is not going to work. i think he was lying down the marker. this may
host: how is mitch mcconnell looking to the right? guest: this deal is a bad deal for conservatives. i don't know how he can, he's very smart and he's very -- you know, he's willing to make-up popular stands in order to get what republicans want. but this deal is a terrible deal. i think a lot of conservatives will say if nothing happens we'll be in a better position. he he made a number of fumbles along the way that got us to this place. i think at the moment he is getting a little bit more...
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Jan 1, 2013
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are you suggesting that mitch mcconnell and fellow republicans in the senate were drunk when she voted on this last night? >> of course not. i was having a little fun with you, wolf. it was after midnight t was a piece of legislation intended to be passable. not necessarily to be right. and this was in fact something that joe biden found a way to get the art of the possible. send something to the senate that the house could consider. now it's in the house. what we find missing from it sl any kind of reasonable spending reduction, something that the house has dealt with in committee. we've bubbled it up. we have a lot of figures. quite frankly, the lack of sequestration, the idea that in two months, in addition to this, we'll be dealing with the cliff in defense and sequestration and the cliff in the sense that we don't raise the debt limit, i think they could easily be dealt with today. i'm with eric cantor. this bill in its present form is not good enough and the american people are smart enough to know that what you don't pay today and owe tomorrow, you'll have to pay tomorrow. >> we
are you suggesting that mitch mcconnell and fellow republicans in the senate were drunk when she voted on this last night? >> of course not. i was having a little fun with you, wolf. it was after midnight t was a piece of legislation intended to be passable. not necessarily to be right. and this was in fact something that joe biden found a way to get the art of the possible. send something to the senate that the house could consider. now it's in the house. what we find missing from it sl...
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Jan 1, 2013
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mitch mcconnell says he wants to strike a deal. think about it, history states they've been the party of no. he said from the beginning if obama wants it, why are we going to do it? at the end of the day congress can sit around but these directly affect us. as students, think about the division tax breaks, things will go away and affect my family. within i look at congress, i see it's shifted to one side. i don't know. i feel like they need to step up and make a compromise. with obama it's like a mandate, with the taxing the wealthiest americans, if he's elected which by a landslide, maybe they need to catch up and form and modernize the party. >> reporter: how much does the political posturing, how is that to watch this churn day after day for the past several days? >> it's rough. i was watching yesterday when the president spoke, hoping maybe they had come to some point. hearing him say we're close but not there yet, it's like these are things that directly affect americans and if this is your job, this in is why we elect you, it
mitch mcconnell says he wants to strike a deal. think about it, history states they've been the party of no. he said from the beginning if obama wants it, why are we going to do it? at the end of the day congress can sit around but these directly affect us. as students, think about the division tax breaks, things will go away and affect my family. within i look at congress, i see it's shifted to one side. i don't know. i feel like they need to step up and make a compromise. with obama it's like...
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harry reid said the next 24 hours would be very important as he and mitch mcconnell put together something that would pass both of their caucuses. and then of course it would have to go to the house. the majority leader harry reid said he's readying a bill for a vote on monday to prevent a tax hike on incomes up to $250,000. senator reid said his bill will include unemployment benefits, a continuation of those. that would be sort of the plan b for democrats simply because what they would rather do is get a bill with senator reid working in conjunction with senator mcconnell. senator reid said he's awaiting good faith proposals from the republicans. president obama said after the meeting that he is modestly optimistic a deal can be reached, but as you can hear from senator reid, the president asked that if a deal between republicans and democrats cannot be reached, then the president wants just an up or down vote on what he wants, which is quite simply no income tax rates going up for people making $250,000 and under. and an extension of long-term unemployment benefits. and that's of course
harry reid said the next 24 hours would be very important as he and mitch mcconnell put together something that would pass both of their caucuses. and then of course it would have to go to the house. the majority leader harry reid said he's readying a bill for a vote on monday to prevent a tax hike on incomes up to $250,000. senator reid said his bill will include unemployment benefits, a continuation of those. that would be sort of the plan b for democrats simply because what they would rather...
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Dec 31, 2012
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it's -- right now, as cnn's been reporting, it's up to mitch mcconnell and joe biden. those apparently are the two men where the entire negotiations have moved to. senator harry reid left the senate and told reporters tonight if you want to know if there's a deal, talk to biden and mcconnell. so it's in their hands. they have a history of reaching agreements, in the white house, biden is known as the mcconnell whisperer, and he got that reputation a couple years ago, when he was able to forge a budget agreement in 2010. maybe -- maybe there will be a breakthrough, but there are a lot of liberals and a lot of conservatives who will argue that no deal is better than a bad deal that's rushed through tomorrow at the last second. that's another dynamic to keep in mind. >> when you said they have a history of making deals together -- >> well, one -- >> on which issues do you think the two sides may end up compromising? >> well, the level at which taxes will rise above where they are right now, so obama's insistence has been, if you make over $250,000 a year, on the income ov
it's -- right now, as cnn's been reporting, it's up to mitch mcconnell and joe biden. those apparently are the two men where the entire negotiations have moved to. senator harry reid left the senate and told reporters tonight if you want to know if there's a deal, talk to biden and mcconnell. so it's in their hands. they have a history of reaching agreements, in the white house, biden is known as the mcconnell whisperer, and he got that reputation a couple years ago, when he was able to forge a...
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Dec 30, 2012
12/12
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from the senate floor words of optimism from minority leader mitch mcconnell. >> we are engaged in discussions, the majority leader and myself in the white house in the hopes that we can come forward as early as sunday and have a recommendation. >> reporter: senate majority leader harry reid took a cautionary tone, perhaps to allay the fears of americans who are wondering how going off the cliff will affect their paychecks. analysts say taxes on people making between 50,000 and $75,000 a year will go up an average of $2400. >> whenever we come up -- whatever we come up is going to be imperfect. some people aren't going to like it, some people will like it less but that's where we are. i feel confident that we have an obligation to do the best we can and that was made very clear in the white house. >> reporter: president obama says it's important for congress to vote on some type of package before the fiscal cliff deadline expires. >> if an agreement isn't reached in time between senator reid and senator mcconnell, then i will urge senator reid to bring to the floor a basic package for an upor
from the senate floor words of optimism from minority leader mitch mcconnell. >> we are engaged in discussions, the majority leader and myself in the white house in the hopes that we can come forward as early as sunday and have a recommendation. >> reporter: senate majority leader harry reid took a cautionary tone, perhaps to allay the fears of americans who are wondering how going off the cliff will affect their paychecks. analysts say taxes on people making between 50,000 and...
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Dec 28, 2012
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the bottom line is, you've got one person objecting, mitch mcconnell. i like mitch mcconnell. he's not a terrible guy. but he keeps objecting and that's going to be the problem. he's going to be the decider on this. if he can get his caucus to coalesce and get 60 votes or no objections, something's going to come out of the senate. it's too late to get it done by january 1st. we're going off the cliff, boys. >> all right. how far -- >> i want to try out my idea. >> okay. >> because i still think we're talking about end of january, early february. that's where this goes. when do you think this happens? is it a massive grand bargain? ultimately has to happen, that deals with the debt ceiling, as well? are we talking about a baby deal middle of january? what does it look like? >> i think middle of january, they'll have it all wrapped up by the time -- listen, they get all sworn in on january 3rd, believe me they don't want to stick around. but they're going to have to. so the longer they sit around here the more upset they're going to be. and at that point everything is expired. s
the bottom line is, you've got one person objecting, mitch mcconnell. i like mitch mcconnell. he's not a terrible guy. but he keeps objecting and that's going to be the problem. he's going to be the decider on this. if he can get his caucus to coalesce and get 60 votes or no objections, something's going to come out of the senate. it's too late to get it done by january 1st. we're going off the cliff, boys. >> all right. how far -- >> i want to try out my idea. >> okay....
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Dec 31, 2012
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. >> reporter: that prompted mitch mcconnell to call for a lifeline. >> i also placed a call to the vice president to see if he could help jump-start the negotiations on his side. i want everyone to know i'm willing to get this done. but i need a dance partner. >> reporter: and with that, vice president biden has now emerged as a key player, playing a direct role in the effort to strike a last-minute deal. the key sticking points remain the same. the white house wants taxes to go up on those making over $250,000 a year. republicans want a higher income threshold. they want to keep the estate tax from going up. there's still no agreement on what to do about those automatic spending cuts set to go into effect on january 2nd. both sides have said the cost of failure is extremely high. >> if we're not able to reach an agreement, it will be dire. probably at least another million jobs lost, an unemployment rate over 9% and putting us back into recession. >> reporter: vice president biden and mitch mcconnell had several conversations deep into the night. and will continue those conversations t
. >> reporter: that prompted mitch mcconnell to call for a lifeline. >> i also placed a call to the vice president to see if he could help jump-start the negotiations on his side. i want everyone to know i'm willing to get this done. but i need a dance partner. >> reporter: and with that, vice president biden has now emerged as a key player, playing a direct role in the effort to strike a last-minute deal. the key sticking points remain the same. the white house wants taxes to...
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Jan 1, 2013
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i see the republican leader mitch mcconnell as having so much power, daryl eisa and eric cantor following. it is like they are the face of the republican party. hearing their comments and watching them in action, i think these guys are really hard to deal with. anyway, i think they are the fly in the buttermilk. host: abc's jonathan carl, who has been a capitol hill producer for several years and is now going to be the new white house correspondent for abc is up on capitol hill following this. here is a tweed he just sent out. that is from a senate democratic leadership aide according to jonathan carl of abc news. james in new hampshire republican line. caller: happy new year. i am a republican died in the wall, but what i will say is both parties -- i don't know which one started disappearing -- started it and i don't care, why do they let it go to the last second? i am craig said every one of them. my congressman bass -- i am crazed at every one of them. my congressman bass, they got he got kicked out. all they are doing tonight is fixing unemployment, farms, and all that stuff, which n
i see the republican leader mitch mcconnell as having so much power, daryl eisa and eric cantor following. it is like they are the face of the republican party. hearing their comments and watching them in action, i think these guys are really hard to deal with. anyway, i think they are the fly in the buttermilk. host: abc's jonathan carl, who has been a capitol hill producer for several years and is now going to be the new white house correspondent for abc is up on capitol hill following this....
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Dec 31, 2012
12/12
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direct talks right now are between senate republican leader mitch mcconnell and vice president joe biden. biden is known for contacts in the senate and is called the senate whisperer, known as getting things through the senate when nobody else can. those are the two men in contact tonight trying to forge a deal. here's point number two, there was one battle today that democrats won, it was over something called the change cpa. it's basically a different way of calculating the cost of living. republicans wanted to use it in this deal, democrats did not. democrats stared down republicans and in the end, republican senators said we won't bring that up right now. that happened today. and point three, don, what's next? i'm afraid we won't know until tomorrow morning. that's when we think the earliest could be for us to get details how these talks between senator mcconnell and vice president biden are going. there you go, three points where we are tonight. >> thank you very much. we'll get back to you. if you get anything new, let us know. >>> i want to bring in now dr. keith back, he's a doct
direct talks right now are between senate republican leader mitch mcconnell and vice president joe biden. biden is known for contacts in the senate and is called the senate whisperer, known as getting things through the senate when nobody else can. those are the two men in contact tonight trying to forge a deal. here's point number two, there was one battle today that democrats won, it was over something called the change cpa. it's basically a different way of calculating the cost of living....
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Dec 29, 2012
12/12
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mcconnell try to cobble together a last-minute plan. meanwhile, on friday president obama said america's patience has almost run out. with steep tax hikes and deep spending cuts looming, president obama used the power of his office to turn up the pressure on congress, making a quickly arranged appearance in the white house briefing room friday. >> the hour for immediate action is here. it is now. i'm modestly optimistic that an agreement can be achieved. >> reporter: the president repeatedly tapping into the public's frustration to bolster his argument. >> the american people are not going to have any patience for a politically self-inflicted wound. ordinary folks, they too their jobs. the notion that our elected leadership can't do the same thing is mind-boggling to them and needs to stop. >> reporter: the stern words came on the heels of an hour-long meeting with congressional leaders. sources close to the talks say mr. obama gave lawmakers two options. either come up with a bill that can pass both houses or allow a vote on his plan w
mcconnell try to cobble together a last-minute plan. meanwhile, on friday president obama said america's patience has almost run out. with steep tax hikes and deep spending cuts looming, president obama used the power of his office to turn up the pressure on congress, making a quickly arranged appearance in the white house briefing room friday. >> the hour for immediate action is here. it is now. i'm modestly optimistic that an agreement can be achieved. >> reporter: the president...
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Dec 24, 2012
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want to get a debt ceiling increase, both speaker boehner and the republican leader in the senate, mitch mcconnell have made it clear, you want $1 trillion of more debt ceiling, because that's what the president is running, $1 trillion more debts, you have to cut it at the same time. they won it a year ago. they'll win it in the future. this is a long fight. it's four years of a fight. it's not one week of a fight. to your earlier question, does the president want to take us over the cliff? i think now he does. the reason is he needs an excuse for the next four years of failure. blaming it on bush doesn't work very much. the regulations and spending he's put on the economy for the next four years is going to put us in recession regardless of the fiscal cliff. >> to be fair, i'm told there are a number of republicans, especially in the house, who want to go over the cliff for the reason i explained, that they'd much rather vote for a tax cut than a tax increase because they don't want to break your pledge. grover, thank you very much. appreciate it. >> no one should break their pledge. >>
want to get a debt ceiling increase, both speaker boehner and the republican leader in the senate, mitch mcconnell have made it clear, you want $1 trillion of more debt ceiling, because that's what the president is running, $1 trillion more debts, you have to cut it at the same time. they won it a year ago. they'll win it in the future. this is a long fight. it's four years of a fight. it's not one week of a fight. to your earlier question, does the president want to take us over the cliff? i...
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Dec 24, 2012
12/12
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. >> now the focus shifted to mitch mcconnell. the senate taking the lead on a compromise with democrats, and something that can get some support among house republicans. carl? >> hampton, thank you very much. hampton pearson in washington. >> the gift that keeps on giving. we're talking about market wisdom. what you need to know ahead of the opening bell. and whether you're a holiday traveler or investor, you want to hear about the state of the airline industry. let's take a look at futures one last time before the holiday shortened session. about ten points down on the dow. ally bank. why they have a raise your rate cd. tonight our guest, thomas sargent. nobel laureate in economics, and one of the most cited economists in the world. professor sargent, can you tell me what cd rates will be in two years? no. if he can't, no one can. that's why ally has a raise your rate cd. ally bank. your money needs an ally. to the best vacation sp(all) the gulf! it doesn't matter which of our great states folks visit. mississippi, alabama, loui
. >> now the focus shifted to mitch mcconnell. the senate taking the lead on a compromise with democrats, and something that can get some support among house republicans. carl? >> hampton, thank you very much. hampton pearson in washington. >> the gift that keeps on giving. we're talking about market wisdom. what you need to know ahead of the opening bell. and whether you're a holiday traveler or investor, you want to hear about the state of the airline industry. let's take a...
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Dec 24, 2012
12/12
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i think a lot of it depends on mitch mcconnell, the senate minority leader, if he decides to allow a bill to move forward on the floor. >> is there anything going on behind the scenes that we don't know about? >> there is. the president's playing golf in hawaii. there's nothing going on behind the scenes. >> there's not some -- >> meetings going on in the white house, there's not staff -- >> lining up a putt? >> no, which is difficult, because there's lots of other stuff that has to go into what the president talks about before he left on friday, which is the tax rates. he didn't talk about payroll tax cut, amt, a number of things. there's a lot that has to go into a final deal and how they get that done. >> my worry is we're not talking about early january, we're talking about late january. >> i think it's probably more mid january if we go over. because i think you'll see market reaction, and you'll see a lot of people freak out, and it's a problem. >> market reaction, would you think -- >> people still think it's, you know, we get a deal. last-minute deal. i tend to be an optimist
i think a lot of it depends on mitch mcconnell, the senate minority leader, if he decides to allow a bill to move forward on the floor. >> is there anything going on behind the scenes that we don't know about? >> there is. the president's playing golf in hawaii. there's nothing going on behind the scenes. >> there's not some -- >> meetings going on in the white house, there's not staff -- >> lining up a putt? >> no, which is difficult, because there's lots of...